Professional social network LinkedIn has just submitted its S-1 filing with the SEC, indicating that it will file for a public offering. The maximum proposed total offering price is $175 million but this is just a placeholder amount. The company also announced the filing on its blog.

In terms of revenue, in the nine months ended September 30, 2010, LinkedIn’s net revenue increased $80.6 million to $161 million from the same period in 2009. Net income for the first nine months of 2010 came in at $10 million.

LinkedIn’s total net revenue in 2009 was $120 million, which LinkedIn obviously surpassed in 2010. The company took a $3.9 million loss in terms of net income, with 2010 as the first profitable year for the network. As of September 30, 2010, LinkedIn had $89.6 million in cash. The company now has 990 employees and over 90 million members.


By Rubens Saintel

Proud father, #Haitian, photographer, consultant, writer & entrepreneur. I love video games, movies, plays, technology (surprise), beta testing apps and all things sci-fi. | |